What Is Fund Administration? - Phoenix Americanby Phoenix American Fund Accountant
Simply put, fund Administration is the outsourced performance by a third party of back-office functions for an investment fund. In terms of the investment portfolio (the asset side), fund administration involves accounting, tracking and reporting transactions and values for the portfolio as a whole and, if necessary, for the portfolio assets individually. In terms of the fund’s shareholders (the investor side), fund administration means establishing and maintaining the investor registry in a specialized fund administration software application and seeing to the investor-related processing of forms, payments of distributions and sales commissions, capital calls, and necessary communications with the fund’s investors, their financial advisors, and other intermediaries and industry participants.
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Created on Jul 29th 2020 09:43. Viewed 125 times.
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